How to declare under construction flat with housing loan in schedule al of itr2

Dear Sir,

I have to file schedule AL in ITR2. I ahve purchased a flat in 2011 but it is still under construction. I have paid some money to the builder for this flat and I have also taken a housing loan for this flat for which I am paying the EMI. I have the loan account statement which shows the amount remaining on 31st MArch 2018.

Do I need to show this under immovable properties in schedule AL? If not then where should I show it in my assests and should it include the interest I paid on the housing loan? Where to show the remaining housing loan amount?

Really puzzled with this point. Please help.

 

Thanks,

Ashu

 

 

Replies (1)

Since the possession is not received. So you have not acquired. and this is not your fixed asset for AL purposes. this property is not your property ... this is still a booking advance , show in loans and advances on asset side ./.. 

The bank loan will be on the liability side, yes., it will be

thanks and regards

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 25 October 2026
Article Intern (CA Articleship)

Arpan Bohra & Co

Hyderabad

CA Inter

View Details
Company
30 September 2026
Senior Accountant

Codeboard Technology

Chennai

B.Com

View Details
Company
12 October 2026
Finance

I-Genext Consulting Private Limited

New Delhi

CA

View Details
Company
23 October 2026
Sr. Accountant

SANKARAN & KRISHNAN

New Delhi

B.Com

View Details
Company
08 October 2026
Account Executive

Elite Taxation

New Delhi

CA Foundation

View Details
Company
ARTICLESHIP 07 October 2026
Article Assistant

Malhotra Rajesh & Associates

New Delhi

B.Com

View Details
Company
ARTICLESHIP 01 October 2026
Articled Assistant

KPSN & Associates LLP

Chennai

CA Inter

View Details
Company
10 October 2026
Accounts Associate Level 1

Abic and Mani Chartered Accountants

Kottayam

B.Com

View Details